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The Great Depression

Pages 470-475

1. What were the flaws with the U.S. economy?

2. How much of the world’s industrial goods did the USA produce by 1929?

3. How much did 60% of families earn a year?

4. Describe the downward economic spiral.

5. Why did the price of agricultural goods drops?

6. How did the loss farmers experienced affect the banks?

7. What happened on Tuesday October 29? Why?

8. What was the Great Depression?

9. How many people were unemployed by 1933?

10. How did the American depression affect Europe?

11. What happened to world trade?

12. Why were Germany and Austria hard hit by the depression?

13. What did Britain do in order to survive the depression?

14. What was the New Deal and how did it work?